The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances. The enactment of the Insolvency and Bankruptcy Code (IBC)
Category: IBC-SEBI
NCLT orders insolvency proceedings against Ind-Bharat Energy; appoints IRP – NEWS – The Hindu BusinessLine
The Hyderabad Bench of the National Company Law Tribunal has permitted corporate insolvency proceedings against Ind-Bharat Energy (Utkal Limited), as per the provisions of the
JSW Energy pips Tata Power JV in race for JP firm Prayagraj – NEWS – The Hindu BusinessLine
JSW Energy has increased its bid for stressed Prayagraj Power Generation, a JP Group company, to about Rs. 6,200 crore from its earlier bid of
Arriving at ‘fair’ value – The Hindu BusinessLine
A market for distressed assets is vital While the discussion on bank lending arrangements to large corporates is an ongoing one, the recent addition is
Now, NBFCs may be allowed to take defaulting borrowers to IBC as RBI may extend resolution framework – The Financial Express
If the resolution is not approved with 180 days, these institutions will have to initiate insolvency resolution under the Insolvency and Bankruptcy Code. India’s central
Stressed power assets: Panel to discuss ARC, no fiat to RBI under Section 7 – The Financial Express
The empowered committee on power, in its crucial meeting on Friday, could discuss a proposal to set up an asset reconstruction company (ARC) to take
IBBI levies penalty on EY partner – NEWS – The Hindu BusinessLine
Insolvency regulator IBBI has slapped a penalty of Rs. 1 lakh on Dinkar T Venkatasubramanian, insolvency resolution professional (IRP) and partner at Ernst & Young
Disclose action taken against wilful defaulters over Rs 50 cr loans: CIC – The Hindu BusinessLine
The action taken against wilful defaulters of banks loans of above Rs 50 crore should be made public by the Finance Ministry, Ministry for Statistics
70 big companies may be heading for resolution under the IBC: ICRA | Business Standard News
The gross non-performing assets (GNPAs) of the banking sector is likely to improve to 10 per cent in March 2019, from 11.52 per cent as on June 30, 2018,
IBC process: Two fresh bids for Nagarjuna after NCLT rejects liquidation | Business Standard News
Two fresh bids have been submitted after the insolvency process for Nagarjuna Oil Corporation (NOCL) ran into controversy. The firm’s committee of creditors (CoC) was recommending liquidation,
30 stressed power accounts set to go to NCLT as RBI’s NPA deadline ends | Business Standard News
Lenders to about 30 stressed power assets will refer them to bankruptcy courts, after the Allahabad High Court denied any relief to the sector from the Reserve
Power assets: Be proactive on stressed power assets: HC to government–Economic Times
The Allahabad High Court has firmly told the government to consider issuing a directive to Reserve Bank of India against the February 12 circular on how lenders should deal
Government to hold talks on seeking RBI relief for stressed power firms – The Economic Times
The government will consider asking the Reserve Bank of India (RBI) to allow a further 180-day relief for sustainable but stressed projects in the power sector in
Don’t issue a directive to RBI on stressed power companies – The Financial Express
The government must respect the High Court’s decision to not provide any kind of interim relief to these troubled firms. While the Allahabad High Court
bank loans: Stressed assets: Big bank clean-up enters the last lap – The Economic Times
Incidentally, the last ray of hope has also faded for India Inc, with the Allahabad High Court refusing to provide any relief to power companies.
Don’t issue a directive to RBI on stressed power companies – The Financial Express
The government must respect the High Court’s decision to not provide any kind of interim relief to these troubled firms. While the Allahabad High Court
Allahabad High Court order fails to resolve all issues of power sector | Business Standard News
The Allahabad High Court (HC) order has not cleared the air for stressed power assets that have insolvency looming over them, leaving the door open for more
bad loans: Lenders will have 15-days to resolve the stressed accounts that come within RBI’s Feb 12 circular – The Economic Times
Banks will have a window of another 15 days to resolve the stressed assets that comes within the remit of the Reserve Bank of India’s
The policymaker versus the promoter – The Financial Express
The government—being the main equity holder in PSU banks—appears to be warming up to the idea of waiver for the power sector from RBI’s new
Insolvency resolution: NCLAT order on Essar Steel this week, say bankers | Business Standard News
With the National Company Law Appellate Tribunal (NCLAT) order on Essar Steel expected this week, bankers said they were hoping Numetal, ArcelorMittal, and Vedanta to revise their
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